Southwest Colorado Credit Union is headquartered in Durango and is the 47th largest credit union in the state of Colorado. It is also the 2,556th largest credit union in the nation. It was established in 1958 and as of March of 2014, it had grown to 6 employees and 3,508 members. Southwest Colorado Credit Union has a B+ health rating.
Must live, work, worship or attend school in Archuleta, Dolores, La Plata, Montezuma or San Juan County, Colorado. - See Details
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The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Southwest Colorado Credit Union had $0 in non-current loans and owned real-estate with $4.61 million in equity and loan loss allowances on hand to cover it. This gives Southwest Colorado Credit Union a Texas Ratio of 0.00% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
In the past year, Southwest Colorado Credit Union has increased its total deposits by $1.83 million, resulting in 5.3% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Southwest Colorado Credit Union has shown is excellent.
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Southwest Colorado Credit Union has $41.11 million in assets with $4.61 million in equity, resulting in a capitalization level of 11.20%, which is excellent.
|Assets and Liabilities|
|Equity Capital||$4.51 million|
|Loan Loss Allowance||$97,000|
|Real Estate Owned||$0|
|Historic Data - March 2013|
|Equity Capital||$4.30 million|
|Loan Loss Allowance||$86,000|
|Real Estate Owned||$0|
|Profit Margin - Quarterly|
|Net Interest Margin||1.23%|
|Return on Assets||0.49%|
|Return on Equity||4.44%|
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|0.06%||-||-||IRA Deposit Account|
|0.06%||-||-||Health Savings Account|
|0.02%||-||-||Regular Savings Account|
|0.04%||-||-||Money Market Account|
|0.01%||-||-||Checking with Dividend Account|
|0.10%||$500||-||Flex Certificate Account|
|0.35%||-||-||IRA Certificate Account|
|0.35%||-||-||Education Certificate Account|
|Southwest Colorado Credit Union Locations|
|Branch Office||15 Bodo Dr||Durango, CO 81303|